Page 5 - Database Group News Today

Shareholder resolutions in Nifty-50 companies where more than 20 per cent of institutional shareholders expressed their dissent by casting a negative vote decreased by 30 per cent to 44 in number (or 9.24 per cent of total) in the recently ...

Reliance: Proxy firms Institutional Shareholder Services Inc. (ISS) and Institutional Investor Advisory Services (IIAS) have recommended that shareholders vote against the induction of Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, to the companys board. ISS cited Anants limited leadership and board experience as a concern. However, Reliance defended Anants appointment, stating that he has relevant experience and maturity.

IPO mobilisation climbed significantly by 76% in the first half of 2023–24, excluding LIC IPO that was launched last year.Retail investors showed greater enthusiasm, with the average number of applications increasing to 10.02 lakh, according to Prime Database Groups report.

Excluding the mega LIC IPO which took place last year, IPO mobilisation increased by a huge 76 per cent from last year

Ideaforge topped the charts with a stupendous return of 93%, followed by Utkarsh Small Finance Bank at 92% and Netweb Technologies at 82%. The largest IPO in the first half was from Mankind Pharma (Rs 4,326 crore), followed by JSW Infrastructure (Rs 2,800 crore) and RR Kabel (Rs 1,964 crore)

Despite the rise of Gen Z in the workplace, age and experience still dominate the boards of Indian companies. The average age of board members at NSE-listed companies is 58.67 years, indicating that while there are some younger directors, boards remain predominantly older. However, the number of younger directors has been steadily increasing, with 13.89% of directors being below the age of 45.

Overall, promoters’ share in listed companies has increased from 42.17 per cent in the June quarter

After rising for 6 quarters in a row, from 22.40 per cent as on September 30, 2021 to 25.73 per cent as on March 31, 2023, the share of Domestic Institutional Investors (DIIs) along with Retail and High Net-worth Individual (HNI) investors in ...

Since April this year, 12 companies have raised a total Rs 12,149 crore through IPOs, according to data compiled by Prime Database. Some of the successful IPOs include Mankind Pharma, Cyient DLM Ltd, Ideaforge Tech, and IKIO Lighting.

The capital markets regulator has said it may allow companies to delist shares at a fixed price, as against the current 'reverse book-building' process.